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Sprint today in Piazza Affari for Stellantis which has come to earn about 3% at 16.98 euros. In general, the entire automotive sector is on the rise (the STOXX Europe 600 Automobiles & Parts marks + 2.14%) with investors returning to look with optimism at the prospects for economic recovery.
In the meantime, Equita SIM updated the target price on Stellantis upwards to € 20.4 with a confirmed buy rating. The new target price, which implies a potential upside of over 20% compared to current levels, incorporates the valuation of Aramis, a company that deals with the sale of used cars online and which was listed at 23 euros per share (lower end of the price fork 23-28 euros).